Update 13/9/12: The Apple online store is advertising a 16GB iPhone 5 for the price of £529, available to pre-order online from 14 September. Failing that you can queue up outside a high-street Apple Retail Store and buy an iPhone 5 from 8am on 12 September.
Here's what the iPhone 5 will cost
As always with Apple, the iPhone pricing structure is incredibly tempting. We mentioned above that the 16GB iPhone 5 can be pre-ordered for £529. Apple are also offering two other iPhone 5's, the first is a very tempting 32GB model costing £599, the second is a 64GB iPhone 5 that costs £699. See iPhone 5 UK price and mobile network round-up.
16GB iPhone 5 - £529
32GB iPhone 5 - £599
64GB iPhone 5 - £699
Update 12/9/12: Apple has today announced that the price of the iPhone 5 in the US will be the same price at the 4S. $199 for 16GB, $299 for 32GB, and $399 for 64GB, along with 2-year carrier contract. The entire iPhone line moves down. The iPhone 4 8GB is free; iPhone 4S is just $99, for 16GB. See Apple launches iPhone 5
In the UK the iPhone 5 starts at £529 inc VAT PAYG. We'll keep you posted on the prices at which each vendor is selling the iPhone 5. See also: iPhone 5 review.
See also iPhone 5 specs and features.
Apple has a formula for its iPhone launches that covers every aspect, from where in the world the smartphone is launched to its price and release date. So far there are no signs to suggest that Apple is about to change its successful routine for the much anticipated iPhone 5. For all the latest information check out our iPhone 5 release date, spec and rumour round-up and iPhone 5 Advisor too.
Before we go any further with the 'iPhone 5's price in the UK' it is worth noting that our predictions in this article are exactly that, predictions. They are based on what Apple has done before and what Apple is expected to do next. Take a look at iPhone 5 launch: as it happened.
iPhone 5 Price
Recently Apple has been launching its smartphone with a bottom spec of 16GB - the last time a 8GB model was available was in the iPhone 3GS. Its pricing for 16GB models of its latest iPhone have been as follows: Go to iPhone 5 will "launch" in September.
iPhone 3GS 16GB - £440
iPhone 4 16GB - £480
iPhone 4S 16GB - £499
The two price increases we have therefore seen are £40 for a brand new style and specced iPhone 4 (from the iPhone 3GS) and £20 for a more gradual iPhone upgrade from the iPhone 4 to the iPhone 4S.
Of course the eventual price will all depend on what specs are officially announced from Apple at the iPhone 5 launch, which is expected to be in Autumn this year. However, providing the iPhone 5 doesn't come with a free private jet, you can be pretty sure that its price won't be too much of a drastic change from what Apple have offered for previous new iPhones.
Therefore you can expect the iPhone 5's price will be in the region of £499-£549 for a 16GB model.
32GB & 64GB iPhone 5 prices
When it comes to iPhone pricing structures, one thing that is almost set in stone is the price jump with regards to additional storage. For the previous three iPhone launches (the iPhone 3Gs, iPhone 4 and iPhone 4S), there as been a solid £100 jump for the next model upwards. 32GB models cost £100 more than the 16GB iPhones and 64GB iPhones cost £100 more than the 32GB models. You can pretty much guarantee that Apple will continue this tried and tested pricing scheme for the iPhone 5.